Allegion PLC (ALLE) Sets New 12-Month High at $86.97
Allegion PLC (NYSE:ALLE) shares hit a new 52-week high on Tuesday . The company traded as high as $86.97 and last traded at $87.08, with a volume of 155,579 shares traded. The stock had previously closed at $86.53.
Several research firms have recently issued reports on ALLE. BidaskClub lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered Allegion PLC from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Wolfe Research assumed coverage on Allegion PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Allegion PLC in a report on Tuesday, September 26th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.00.
The company has a market capitalization of $8.28 billion, a P/E ratio of 33.74 and a beta of 1.13. The firm has a 50-day moving average price of $81.00 and a 200-day moving average price of $79.26.
Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The company had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $613.37 million. During the same quarter in the previous year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Allegion PLC will post $3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.74%. Allegion PLC’s dividend payout ratio (DPR) is 24.62%.
In related news, insider Timothy P. Eckersley sold 12,782 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $81.14, for a total value of $1,037,131.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.
A number of large investors have recently made changes to their positions in ALLE. Suntrust Banks Inc. acquired a new position in shares of Allegion PLC in the first quarter worth $208,000. Ameriprise Financial Inc. lifted its position in shares of Allegion PLC by 12.6% in the first quarter. Ameriprise Financial Inc. now owns 122,139 shares of the scientific and technical instruments company’s stock valued at $9,246,000 after acquiring an additional 13,687 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Allegion PLC in the first quarter valued at $232,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Allegion PLC in the first quarter valued at $174,000. Finally, Mason Street Advisors LLC lifted its position in shares of Allegion PLC by 0.6% in the first quarter. Mason Street Advisors LLC now owns 13,194 shares of the scientific and technical instruments company’s stock valued at $999,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 89.86% of the company’s stock.
About Allegion PLC
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.